TALLINN Estonia-based ride-hailing service Bolt said on Thursday it would invest over 100 million euros ($118 million) in 2021 to become the largest e-scooter rental firm in Europe, at a time when cab services have been severely hit by the COVID-19 pandemic.
TALLINN, Nov 3 Estonian energy storage
technology maker Skeleton Technologies said on Tuesday it has
raised 41.3 million euros ($48 million) from a group of
investors in one of the largest cleantech investment rounds in
Europe this year.
Oct 27 Finnish engineering firm Valmet
posted a sharp
drop in sales on Tuesday, helping send its shares to their
lowest in five months even as earnings beat market expectations.
Oct 27 Nordic IT services provider TietoEVRY
reported a slight fall in third-quarter profit on
Tuesday as the economic impact of the coronavirus hit sales.
Oct 12 The board of Finnish engineer Neles
is sticking with its recommendation for shareholders
to accept a takeover offer from Alfa Laval, saying it does not
have enough details on a rival merger proposal from Valmet to
make a comparison.
Valmet, the largest shareholder of valves maker
Neles, approached Neles in September with a merger proposal,
challenging a $2 billion bid from Swedish engineering group Alfa
Finnish national carrier Finnair plans to cut up to 1,000 jobs, or about 15% of its workforce, and seek further savings across its operations, joining airlines across the world in making cut backs to cope with the COVID-19 crisis.
HELSINKI Finland's biggest utility Fortum reported an 11% fall in its underlying second-quarter operating profit on Wednesday, dented by low power prices and the impact of the new coronavirus on its Russian business.
Nordic IT services provider TietoEVRY reported on Friday a rise in second-quarter underlying profit, helped by cost cuts following the takeover of EVRY business last year, and said it would pay a dividend.
Finnair plunged to a second-quarter loss as the coronavirus pandemic kept most flights grounded, and said it would make a similar loss this quarter, despite an increasing number of flights.
July 24 Struggling Finnish retailer Stockmann
swung to a second-quarter operating loss as the
coronavirus outbreak kept customers away from its department
stores, and said it was focused on reducing costs to stave off